For more information regarding the value of a property, please contact us for a free consultation.
8551 Madrone AVE Rancho Cucamonga, CA 91730
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,838,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR14013989
Sold Date 02/23/15
HOA Y/N No
Tax Year 2012
Lot Size 0.985 Acres
Property Description
We are pleased to exclusively offer for sale (3) contiguous 1-Acre Parcels; APN#0207-262-01, 02 and 03. Addresses included in offering are 8551, 8565 and 8583 Madrone Avenue. Zoned for rare Medium Density Development in the City of Rancho Cucamonga with the potential for 42+ Townhome Unit. Located west of Vineyard and South of Arrow Route in the center of newer single family and medium density development. Combined acreage is approximately 3.13 with an approximate square footage of 136,444. Offering price is approximately $21.25 per square foot. R.C. Zoning specifies and allows up to 14 dwelling units per acre when multiple acres are combined. This a rare and very good opportunity for In-Fill density within the easterly portion of the city. Rancho Cucamonga's housing market has stabilized and once again appreciating in value and sought after due to its location. Demand is high and new inventory very low for this type of potential product! Two of the three parcels currently have single family rental housing. Please contact Broker for additional information and full Offering Memorandum. Prospective buyers to complete their own thorough Due Diligence for any and all proposed new land use. Older Assessors records in regard to parcel sizes are not accurate.
Location
State CA
County San Bernardino
Area 688 - Rancho Cucamonga
Zoning R-3
Interior
Fireplace No
Exterior
Fence Block, Chain Link, Partial
Community Features Suburban
Utilities Available Sewer Available
View Y/N Yes
View Hills
Building
Lot Description Lot Over 40000 Sqft, Level, Paved, Tear Down, Value In Land
Others
Senior Community No
Tax ID 0207262030000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less

Bought with JOHN MORRISSEY • MGR REAL ESTATE